Earnings Per Share (Tables)

6 Months Ended

Feb. 24, 2024

Basic and diluted earnings per share are calculated as follows:


	Three Months Ended				Six Months Ended
(in millions, except per share data)	February 24, 2024		February 25, 2023		February 24, 2024		February 25, 2023
Earnings per share - basic
Net (loss) income	$	(12.7)	$	52.8	$	13.1	$	113.0
Weighted average common shares outstanding	29.2		30.5		29.4		30.5
Basic (loss) earnings per common share(1)	$	(0.43)	$	1.73	$	0.45	$	3.71

Earnings per share - diluted
Net (loss) income	$	(12.7)	$	52.8	$	13.1	$	113.0
Interest expense on convertible notes, net of tax	—		1.2		—		2.4
Diluted net (loss) income	$	(12.7)	$	54.0	$	13.1	$	115.4

Weighted average common shares outstanding	29.2		30.5		29.4		30.5
Dilutive impact of stock compensation awards	—		0.3		0.3		0.3
Dilutive impact of convertible notes	—		4.7		—		4.7
Weighted average common shares outstanding, assuming dilution	29.2		35.5		29.7		35.5

Anti-dilutive securities excluded from weighted average common shares outstanding, assuming dilution	0.5		0.2		0.2		0.1

Diluted (loss) earnings per common share(1)	$	(0.43)	$	1.52	$	0.44	$	3.25

(1) Earnings per share amounts are calculated based on unrounded numbers and therefore may not recalculate using the rounded numbers provided.